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The Latest UPS Headlines
UPS to take $827M charge for accounting change
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<blockquote data-quote="cheryl" data-source="post: 934269" data-attributes="member: 1"><p><a href="http://www.bizjournals.com/atlanta/news/2012/01/27/ups-to-take-827m-charge-for.html" target="_blank"><strong>UPS to take $827M charge for accounting change - Atlanta Business Chronicle</strong></a></p><p></p><p>United Parcel Service Inc. will take $827 million for the fourth quarter of 2011 due to a change in pension accounting.</p><p></p><p>“This policy provides greater transparency to the company’s underlying operating results,” said Kurt Kuehn, UPS chief financial officer, in a statement. “I want to emphasize that this change has no impact on benefits for plan participants or UPS cash flow.”</p></blockquote><p></p>
[QUOTE="cheryl, post: 934269, member: 1"] [URL="http://www.bizjournals.com/atlanta/news/2012/01/27/ups-to-take-827m-charge-for.html"][B]UPS to take $827M charge for accounting change - Atlanta Business Chronicle[/B][/URL] United Parcel Service Inc. will take $827 million for the fourth quarter of 2011 due to a change in pension accounting. “This policy provides greater transparency to the company’s underlying operating results,” said Kurt Kuehn, UPS chief financial officer, in a statement. “I want to emphasize that this change has no impact on benefits for plan participants or UPS cash flow.” [/QUOTE]
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UPS to take $827M charge for accounting change
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